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Climate economists insist there is essentially nothing to worry about, and economic growth will continue even as the world burns, ecosystems fail, the ice shelves collapse, and the global weather system goes haywire, writes John Gibbons ....
In recent months, business groups of all hues have announced a slew of measures to address environmental, social and governance (ESG) concerns over their operations. The changes in business practices ranging from de-carbonising the supply chain to investing in workers’ well-being have grown from a trickle to a flood, making it difficult even to keep up with the pace of the transformation that is taking place. While the shift in priorities from the bottom line towards a more wholesome outlook bodes well for our species, there is a core element that is still lacking in the businesses’ motivations a moral sense that makes these enterprises inherently ecocentric, just or ethical. ....